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Support for Small Businesses in Underperforming States

This act aims to strengthen a program that helps small businesses, especially in states that receive fewer innovation grants. This means more funding and assistance opportunities for entrepreneurs in these regions, potentially leading to job creation and local economic growth.
Key points
Increased financial and advisory support for small businesses in states that have historically received fewer innovation funds.
Easier access to grants for companies in these states, including potential waivers of matching fund requirements.
Program budget increased to $20 million every two fiscal years, providing more available funds for entrepreneurs.
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Status:
Expired
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Additional Information
FAST Fix Act of 2021
Print number: S 802
Sponsor: Sen. Risch, James E. [R-ID]
Process start date: 2021-03-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Support for Small Businesses in Underperforming States

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 802.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-17.

What are the main provisions?

Key points include:

  • Increased financial and advisory support for small businesses in states that have historically received fewer innovation funds.
  • Easier access to grants for companies in these states, including potential waivers of matching fund requirements.
  • Program budget increased to $20 million every two fiscal years, providing more available funds for entrepreneurs.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Risch, James E. [R-ID].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 802

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy